Cloud storage startup Zetta said today that it has closed a $10.68 million Series A financing round led by venture capital firms Sigma Partners and Foundation Capital. Zetta, which does not yet have a working web site, plans to use the funding to expand product development, marketing and operations.
In a press release announcing the funding, Zetta sys it is "is advancing the state of the art for enterprise storage by delivering feature rich solutions for IT administrators without the costs, complexities and risks associated with traditional storage software and hardware solutions." Zetta was founded by industry veterans Lou Montulli, Jeff Whitehead, Jason Harrison and Jeff Treuhaft.
"We are very excited to have Sigma Partners and Foundation Capital as our lead investors," said Jeff Treuhaft, Zetta CEO. "We are bringing unique innovations to the enterprise storage market and the experience and success of our investors at EqualLogic and VMware will prove invaluable as we continue to accelerate our company."
Sigma Partners is a leading early-stage venture capital firm with over $1.5 billion under management. Foundation Capital focuses on investments in telecom, networking, Internet infrastructure and on-demand services.